As I have always said that it would be a battle between the lower bband and the midline, to be able to outcome the future price of Bitcoin.
Back in the middle of December I quote "$BTC UPDATE, copying December 2018, funny enough this analysis is showing the Stochastic RSI is pretty much the same as it was exactly 1 year ago (circled). If I throw out this system that has worked for the last 7 years, I would say that Bitcoin has bottomed."
Last fortnight "Last time I spoke about the relation of where the Stoch RSI was and where it was THAT time a year ago, things are playing out quite well accordingly and if we can break and hold $8430 at least for 2 weeks than we can kiss the following goodbye: If we get rejected from the Mid BBand and continue our downtrend then we can see a bottom between $4143 - $4341. The chances of this happening right now is slimmer than it was a month ago."
We have closed above these levels and another week of this is fine. So YES there will be no $4200 Bitcoin in 2020, in fact I have been in a position fro $7352 following the trading system which I finalized not too long ago. I have attached the entry/exit rules for this system for your information.
So anyway Bears are over and this is my last update using this bottom finding strategy.
This is based on my opinion on how I read the charts.
Back in the middle of December I quote "$BTC UPDATE, copying December 2018, funny enough this analysis is showing the Stochastic RSI is pretty much the same as it was exactly 1 year ago (circled). If I throw out this system that has worked for the last 7 years, I would say that Bitcoin has bottomed."
Last fortnight "Last time I spoke about the relation of where the Stoch RSI was and where it was THAT time a year ago, things are playing out quite well accordingly and if we can break and hold $8430 at least for 2 weeks than we can kiss the following goodbye: If we get rejected from the Mid BBand and continue our downtrend then we can see a bottom between $4143 - $4341. The chances of this happening right now is slimmer than it was a month ago."
We have closed above these levels and another week of this is fine. So YES there will be no $4200 Bitcoin in 2020, in fact I have been in a position fro $7352 following the trading system which I finalized not too long ago. I have attached the entry/exit rules for this system for your information.
So anyway Bears are over and this is my last update using this bottom finding strategy.
This is based on my opinion on how I read the charts.
